Table of contents
| Name of Organization | Blend PH |
| Full Name of Organization | Financial Technologies, Inc |
| Hotline | (02) 8293-3628 |
Financial Technologies, Inc - Product Features
| Min. financing amount | 10000 php |
|---|---|
| Max. financing amount | 2000000 php |
| Max. financing amount | 1095 days |
| Loan tenure | 0.26% |
| Approval duration | Average time from 2 to 12 hours |
Fees & Charges
| Debt consolidation | Information on debt consolidation is not listed on the site. You need to contact representatives of the organization through any source and clarify |
|---|---|
| Processing fee | One-time fee is not charged when making a loan |
| Stamp duty | Stamp duty is not provided in the organization |
| Annual fee | Annual fee ranges from 180% to 365% depending on the percentage under which you borrowed |
| Other fees | Other fees are not listed on the site. However, when applying for a loan, you can include insurance or any other services. For more information, you need to consult with representatives of the organization. |
Penalties
| Early settlement | Early debt settlement does not charge you extra fees. For more information contact the credit organization. |
|---|---|
| Late payment charges | 6% of overdue amount |
| Other penalties | Not provided |
Additional Requirements
| Need to bind a bank account | No |
|---|---|
| Other details | Payment on the loan occurs through a bank card |
IS Blend PH LEGIT?
Blend is a legitimate and reliable source for purchasing goods and services online in the Philippines with the Securities and Exchange Commission with SEC Registration Number CS201908028
How to take a loan in Blend?
Taking a loan in Blend PH is a relatively straightforward process. First, one must fill out an application form on their website that includes information such as name, address, and contact information. Next, Blend PH will review the provided information and decide if the applicant is eligible for the loan. If approved, the applicant will be able to receive their loan funds within 24 hours via direct deposit. Additionally, applicants must submit proof of income and other documents required by the lender before they can proceed with the loan application.
Best offers
Once the application has been approved, applicants can manage their loans online through Blend PH’s convenient online platform. This platform allows them to view their balance due, make payments towards their balance, modify repayment terms if needed and more. Furthermore, applicants can also take advantage of helpful tools such as budgeting calculators and credit score tracking to help them stay on top of their finances while taking out a loan in Blend PH.
Example of calculating interest and loan payments
When taking out a loan in Blend PH, calculating the monthly interest payments and loan payments is an important part of budgeting. On Blend PH, applicants can take advantage of an online repayment calculator to estimate their monthly payments. This calculator will take into account any promotional offers or discounts that might be available for the applicant as well.
Additional conditions for granting loans
In order to be eligible for a loan in Blend PH, applicants must meet certain criteria. This includes having an active bank account, a verifiable source of income, and a good credit history. Additionally, applicants must also be at least 18 years of age and reside in the Philippines.
Potential borrowers are also subject to legal requirements before they can take out a loan with Blend PH. This includes making sure that their documents are accurate and up-to-date and that the application information is true and correct. Furthermore, all loans taken with Blend PH must comply with applicable laws such as Anti-Money Laundering or Consumer Protection laws.
In order to ensure responsible lending practices, Blend PH has some additional conditions that must be met before a loan is approved. These include having sufficient funds to repay the loan, meeting minimum income requirements and being able to demonstrate financial stability over time. Lastly, borrowers may also be asked to provide collateral such as real estate or other assets in order to secure their loan agreement with Blend PH.
Blend Ph first loan limit
- Fast Loan: Php 5000 – Php 40000
- Salary Loan: Php 5000 – Php 25000
- Personal Loan: Php 50000 – Php 2000000
- Seafarer Loan: Php 50000 – Php 500000
- Franchise Loan: Php 50000 – 2000000
Blend Ph reloan and second loans
- Fast Loan: up to Php 40000
- Salary Loan: up to Php 25000
- Personal Loan: up to Php 2000000
- Seafarer Loan: up to Php 500000
- Franchise Loan: up to Php 2000000
What Documents are Required for a Blend PH Loan?
- Valid government-issued ID
- Company ID
- Three months’ payslips
- Certificate of Employment
- Proof of billing
- Selfie with ID
Reasons for a loan denial
The most common reasons why a loan application may be denied by Blend PH include: having an insufficient credit score; not meeting their minimum income requirements; not having enough funds in the bank account to repay the loan; failing to provide accurate and up-to-date documents; and not being able to demonstrate financial stability over time. Additionally, if borrowers do not meet the legal requirements or if they cannot provide collateral such as real estate or other assets to secure their loan agreement with Blend PH, then their application may be declined.
Furthermore, Blend PH may also decline applications if applicants have a history of missed payments or late fees on existing loans. Furthermore, applicants with a high debt-to-income ratio—where monthly payments exceed their disposable income—are also likely to be denied for a loan. Finally, lack of knowledge about proper financial planning can also lead to denial of a loan from Blend PH.
How much does Blend charge in interest and fees?
Blend PH offers competitive interest rates and fees on its loans. Depending on the type of loan, the interest rate may range from 2% to 35%, while fees can vary from 0% to 10%. Furthermore, applicants may be eligible for promotional discounts or other incentives that could further reduce their loan costs. Generally speaking, borrowers will pay a combination of both interest and fees when taking out a loan in Blend PH.
The total amount that a borrower pays in interest and fees is calculated based on the amount borrowed, term length and repayment schedule. The longer the term length and higher the loan amount, the more costly the loan will be. As such, it’s important for borrowers to consider how much they can afford before committing to a loan with Blend PH. Additionally, applicants should also use online tools such as budgeting calculators or credit score trackers to ensure that their finances are in order before taking out a loan.
Contacts of Blend
Blend PH is a lending platform that provides financial solutions to borrowers in the Philippines. They offer a wide range of loan products, including personal loans, short-term loans, and more. Blend PH can be contacted via email at info@blendph.com or by phone at (02) 8293-3628. Additionally, their physical address is Penthouse A, OMM Citra Bldg. San Miguel Avenue, Ortigas Center, Pasig City
CUSTOMER SUPPORT
- Blend Ph Philippines hotline: (02) 8293-3628
- Blend Ph branches: Pasig City
- Blend Ph head office: Penthouse A, OMM Citra Bldg. San Miguel Avenue, Ortigas Center, Pasig City
- Blend Ph office hours: Monday to Friday (8:00 am to 5:00 pm)
How to take a loan in Blend PH?
- Fill in the application for a loan.
- Confirm the offer. The offer is signed by an SMS code sent to your Get the solution instantly!
- Transfer money to a bank account or card in one day!
Additional conditions for granting loans:
- the whole process through the Internet, without leaving home;
- for Filipino citizens who have reached the age of 21 (majority);
- the presence of a permanent registration in the territory of the Philippines;
Reasons for a loan denial:
- Poor credit score
- You are blacklisted, on debt review or had a judgement against your name
- You don’t have enough income for the loan you requestedd
- Poor track record of credit card or loan repayments
Managing structure Blend PH
I know everything about the Philippines financial market because I have been working in the financial sector for more than five years.